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March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its...

March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 16,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 4,000 units which were 70% complete as to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2017 the equivalent units of production for conversion costs. (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

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Answer #1
Beginning work in process 8,000 completed & transferred 20,000
started during the year 16,000 ending work in process 4,000
units to be accounted 24,000 units accounted for 24,000
Equivalent units for conversion
units % Equivalent units
CC
completed & transferred 20,000 100% 20,000
ending work in process 4,000 70% 2,800
units accounted for 24,000 22,800
Answer 22800 units
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